(Reuters) – Snap-On posted a lower-than-expected third-quarter sales on Thursday, as inflationary pressures weighed on demand in the tools segment. Higher borrowing costs and a
Month: October 2024
After Nevada lithium deal, GM eyes other sources for EV minerals supply
By Ernest Scheyder (Reuters) – General Motors is eyeing further North American investments in lithium and other critical minerals used to build electric vehicles after
Boeing closes in on $15 billion financing via stock, hybrid bonds
By Shankar Ramakrishnan, Echo Wang (Reuters) -Boeing is closing in on a plan to raise around $15 billion with common shares and a mandatory convertible
Amazon.com joins push for nuclear power to meet data center demand
By Timothy Gardner WASHINGTON (Reuters) – Amazon.com said on Wednesday it has signed three agreements on developing the nuclear power technology called small modular reactors,
Biden has approved $1.8 billion for hurricane relief so far
By Trevor Hunnicutt WASHINGTON (Reuters) -The Biden administration has approved more than $1.8 billion for recovery efforts following hurricanes Helene and Milton, the White House
ASML draws investor scrutiny after warning shocks global chip markets
By Toby Sterling and Nathan Vifflin AMSTERDAM (Reuters) -Investors and analysts are looking sceptically at computer chip equipment maker ASML, they said on Wednesday, after
GlaxoSmithKline sues Moderna for US patent infringement over COVID vaccines
By Blake Brittain (Reuters) -British drugmaker GlaxoSmithKline sued Moderna in U.S. federal court in Delaware on Tuesday, accusing its American rival of violating GSK’s patent
UnitedHealth forecasts 2025 profit below Street estimates, shares fall
(Reuters) – UnitedHealth Group provided a 2025 profit forecast below Wall Street estimates on Tuesday, saying it expects pressure across its government-supported health insurance businesses,
ASML cuts sales forecasts in Q3 earnings published early; shares plummet
By Toby Sterling and Nathan Vifflin AMSTERDAM (Reuters) -Computer chip equipment maker ASML reported on Tuesday third-quarter earnings that surprised markets with weak bookings and
Intel, AMD team up to confront rising challenge from Arm
By Stephen Nellis (Reuters) – Intel and Advanced Micro Devices on Tuesday said they are forming a group to help make sure software works across